A Core Belief of Modern Macroeconomics Is That in the Long

question 4

Multiple Choice

A core belief of modern macroeconomics is that in the long run:

• A) a change in money growth will affect the composition of output, but not its level.
• B) a change in money growth will affect the level of output, but not its composition.
• C) greater saving will result in greater output.
• D) a change in fiscal policy will not affect the composition of output.
• E) output can deviate permanently from its natural level.

---

Definitions:

Low-Fat Diet

A nutrition plan focusing on reducing the intake of fats, particularly saturated fats and trans fats, for health reasons.

Normal Diet

A balanced intake of food and nutrients that supports general health and well-being without any dietary restrictions or requirements.

Extraneous Variables

Variables outside of the independent variables being studied that can affect the outcome of an experiment, potentially confounding the results.

Independent Variable

The variable in an experiment that is manipulated or changed to observe its effect on a dependent variable.